As reported by AMBCrypto, Bitcoin remains above the $85k level despite miner stress and a risk-off market sentiment. On-chain metrics show Bitcoin's Short-Term Holder Net Unrealized Profit/Loss (STH NUPL) remains in the red, and miner reserves have dropped by 900 BTC in two days, valued at $76 million. Meanwhile, nearly 50% of Bitcoin’s realized cap now comes from new whale buyers, indicating a shift in supply from weak to strong hands. This dynamic may be reinforcing BTC’s resilience amid ongoing market uncertainty.
Bitcoin Holds $85K Amid Miner Sell-Offs and Whale Buying
AMBCryptoShare
Summary
Bitcoin holds $85k amid miner sell-offs and whale activity trading. On-chain data shows STH NUPL in the red, with miner reserves dropping 900 BTC ($76M) in two days. Whale activity trading now accounts for nearly 50% of Bitcoin’s realized cap, shifting supply to strong hands. Price remains above key support and resistance levels despite market stress.
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